The Grenada gazette. (Grenada, Miss.) 1885-18??, 1887-07-16
THE CHARTER or INcoRPoRA.
TlCN OF THE GRENADA CON-
PRESS COMPANY.

SECTION |. Be it known that J.
Howard Nichols, Edward p. Nichols,
Frank B. Nichols and such others as
may become associated with them,
are hereby constituted a body corpOr-
ate under the style of GRENADA
COMPRESS COMPANY, and such cor
poration composed Of such persons
and their successors, are hereby
granted perpetual succession, and by
such name may contract. sue and be-
sued; may keep and use common
seal, and the game alter at pleasure.
Said corporation Is creo ted fol the
purpose of carrying on the business of
Comprising Cation in bales, the
Storage OF Cotton or any other kind
nf produce or merchandise: and shall
have power to erect, establish, own
and operate a Compress and Ware
house suitable for the storage of cot
ton or other products.
And said corporation shall have
power to acquire, own, sell, mortgage
or lease real ard personal property or
any interest therein to any amount;
to carry on any mercantile or other
business in connection therewith; to
lend and borrow money, and make
and take all kinds of securities there
for, and generally to do all things
necessary or convenient to be done
for the carrying on of its business
which natural person might do, not
repugnant to the laws of the State.
SEC. .. The capital stock of this
Company shall be twenty-five thou
sand dollars, and may be increased to
any amount III such manneras may
be prescribed by the bylaws of the
Company; the same shall be divided
| into shares of one hundred dollars
each.
At any meeting of the stockholders
each share shall be entitled to one
vote, which may be cast by the owner
either in person or by proxy. A ma
jority vote shall prevail upon all
questions coming before the stock
holders or directors. Said Company
may organize and commence business
as soon as the sum Uf twenty-five
thousand dollars has Eeen subscribed.
No stockh0lder shall be liable for
the debts OF the Company beyond the
amount of his unpaid subscription to
the capital stock.
SEC. 3. Said Company shall have
power to issue its certificates of stock,
its notes or bonds in payment OF prop
erty purchased or for any other val.
liable considet tstion as may be agreed
upon between said Company and the
person dealing with it. Certificate
of stock issued by said Company shall
be transferable by delivery after ap.
propriate entry upon the books ofthe
Company.
! No real property shall be purchased
or sold, nor money borrowed or loan
ed, nor stock issued beyond that sub
scrbed at the first meeting, without
the consent of the holders of the ma
jority of the stock and all such trans
actions shall be duly recorded in tht
minute book Of said corporation, anc
all certificates of stock or other evi.
dences of debt or transfer of property
thus authorized shall be made valiC
and binding by the corporate seal anC
signature Of the President.
SEC. 1. The stockholders of this
Company may make and adopt al
needful bylaws, rules and regula
tions for its government and for tht
management of its business; may pre-
scribe the time and place, hetheI
! within or without the State of Missis
sippi, ofmeeting: may provide for the
election of its officers, subscription tt
stock and the manner of issuance
sale and transfer of stock and any ant
all other matters and questions which
may in their Judgment promote thu
interest of said Company.
The doDIiciIe of this Company sllai
be Grenada, Grenada County, Missis
sippi.